UTStarcom Regains NASDAQ Listing Compliance
BEIJING, April 11, 2013
BEIJING, April 11, 2013 /PRNewswire/ -- UTStarcom Holdings Corp. ("UTStarcom"
or the "Company") (NASDAQ: UTSI), a leading provider of media operational
support services and broadband equipment products and services, today
announced the Company received a formal notice from NASDAQ that it has
regained compliance with Listing Rule 5450(a)(1) as a result of the closing
bid price of the Company's ordinary shares being at $1.00 per share or greater
for the last 11 consecutive business days.
About UTStarcom Holdings Corp.
UTStarcom is focused on providing next generation media operational support
services in the rapidly growing markets for TV over IP services and broadband
equipment products and services.UTStarcom is committed to meeting the
evolving needs of cable and broadband service providers to enable a more
personalized entertainment experience. The Company sells its media operational
support services and broadband equipment products and services to operators in
both emerging and established broadband and cable markets around the world.
UTStarcom was founded in 1991 and has traded on NASDAQ in 2000.It has
operational headquarters in Beijing, China and research and development
operations in China and India. In 2011, the Company deployed a revamped growth
strategy that concentrates on providing media operation support services. For
more information about UTStarcom, visit the Company's Web site at
SOURCE UTStarcom, Inc.
Contact: Jing Ou-Yang, +86-10-8520-5153, email@example.com; or May Shen
(Beijing), +86-10-8591-1951, May.Shen@fticonsulting.com; or Daniel DelRe (Hong
Kong), +852-3768-4547, Daniel.DelRe@fticonsulting.com; or Eric Boyriven (New
York), +212-850-5671, Eric.Boyriven@fticonsulting.com
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